The law of diminishing returns assumes that
A) there is at least one fixed input.
B) all inputs are changed by the same percentage.
C) additional inputs are added in smaller and smaller increments.
D) all inputs are held constant.
A
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The quantity theory of money argues that, in the long run, the percentage change in money will create an equal percentage change in
A) velocity. B) real GDP. C) potential GDP. D) the price level.
Exports as a function of national income show how exports change with the level of a country's gross national product
a. True b. False Indicate whether the statement is true or false
The main reason U.S. farmers can produce more than farmers in China is that they
A. have more land. B. have more capital. C. have more labor. D. are better trained.
Managed care plans often use _______ to shift financial risk back onto providers.
a. practice guidelines b. capitation c. open panels d. formularies e. closed panels